First Trust Natural Gas ETF (NYSEARCA:FCG) Short Interest Update

First Trust Natural Gas ETF (NYSEARCA:FCG) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 119,641 shares, an increase of 110.2% from the June 30th total of 56,905 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 599,597 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust Natural Gas ETF

A number of institutional investors have recently modified their holdings of FCG. Brown Miller Wealth Management LLC purchased a new position in shares of First Trust Natural Gas ETF in the fourth quarter valued at $482,000. Ethos Financial Group LLC purchased a new position in shares of First Trust Natural Gas ETF during the fourth quarter valued at approximately $2,289,000. SG Americas Securities LLC purchased a new position in shares of First Trust Natural Gas ETF during the 1st quarter worth $1,612,000. Wealth Care LLC purchased a new position in First Trust Natural Gas ETF during the first quarter worth about $816,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Natural Gas ETF by 1,451.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 34,706 shares of the company’s stock worth $812,000 after acquiring an additional 32,469 shares during the last quarter.

First Trust Natural Gas ETF Stock Performance

NYSEARCA FCG traded down $0.35 during trading hours on Tuesday, hitting $27.62. The company had a trading volume of 632,279 shares, compared to its average volume of 1,112,819. The business has a 50 day moving average of $28.15 and a 200-day moving average of $28.16. The company has a market cap of $609.02 million, a PE ratio of 10.55 and a beta of 0.45. First Trust Natural Gas ETF has a 1-year low of $21.76 and a 1-year high of $33.03.

First Trust Natural Gas ETF Company Profile

First Trust ISE-Revere Natural Gas Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the ISE-REVERE Natural Gas Index (the Index). The Index is an equal-weighted index consisting of exchange-listed companies that derive a substantial portion of their revenues from the exploration and production of natural gas. The Index is constructed by establishing the universe of stocks listed in the United States of companies involved in the natural gas exploration and production industries and then eliminates stocks whose natural gas-proven reserves do not meet certain requirements.